Search Results for: Credit Markets And Stagnation In An Endogenous Growth Model

This paper studies the effects that the inability of individuals to borrow against future income has on economic growth. The model assumes that human capital, w

This paper addresses the growth, welfare, and distributional effects of credit markets. We construct a general equilibrium model where human capital is the engi

We study the dynamic properties of growth rates in an overlapping generations economy with credit market imperfections, constructing a Schumpeterian growth mode

This paper studies how financial markets and accumulation of financial assets interact with economic growth, change of industry structure, productivity and dist